InCapta Inc (INCT)

[ultimatepick]

For the full year of 2004 they would have made :
I multiply by 4 so we can get a full year for 2004
287,117 X 4 = $1,148,468

In 2005 they made $676,291. Their revenue went DOWN?!!
How is that possible?

"The Company reported revenues of $676,291 and $287,117 for the years ended December 31, 2005 and 2004, an increase of $389,174 or approximately 135%. Revenues were primarily derived from monthly subscription fees. Revenues increased in 2005 compared to 2004 primarily due to a full year of operations compared to three months of operations in 2004."

On a brighter note:
I multiply by 4 so we can get a full year for 2004
$188,415 X 4 = $753,660 cost of revenues for 2004
The cost of revenues has gone down.

"The Company reported cost of revenues of $434,155 and $188,415 for the years ended December 31, 2005 and 2004,"

What worries me is that they made LESS revenue in 2005 as compared to 4 quarters in 2004.

Just stating facts! Why did the revenue go down if they had MORE
subscribers?
People cancelled? Churn rate?